Microsoft stock rose to $397.92 on June 15, 2026, as the tech giant recovered from a steep early-year slump that saw shares plunge from a July 2025 high of $555.45 to a low near $373 in late March. The rebound reflects investor confidence renewed by the company’s record fiscal third-quarter earnings and accelerating artificial intelligence business.
On April 29, 2026, Microsoft reported fiscal Q3 results that exceeded expectations across the board. Revenue reached $82.9 billion, up 18% year-over-year, while net income climbed to $31.78 billion, or $4.27 per share, up from $25.82 billion, or $3.46 per share, in the same quarter a year earlier, according to CNBC.
The company’s cloud and AI operations drove the strong performance. Microsoft Cloud revenue surpassed $54 billion, up 29% year-over-year, while Azure and other cloud services revenue grew 40% year-over-year, according to Microsoft’s official earnings announcement. The AI business achieved even more dramatic growth: it surpassed an annual revenue run rate of $37 billion, up 123% year-over-year.
The recovery marks a sharp turnaround from the earlier decline. In January and February 2026, Microsoft stock faced intense selling pressure driven by investor concerns about slowing cloud growth and the company’s elevated capital expenditures on artificial intelligence infrastructure. On January 30, 2026, the stock fell 10% in a single day, erasing $357 billion in market value, according to the Wall Street Journal and CNBC.
By June, analysts remained optimistic about Microsoft’s outlook. Benzinga reported that 39 analysts maintained a consensus price target of $569.87 for the stock, with the highest target at $680 issued by Tigress Financial in May 2026. The recovery since March lows represented approximately a 20% gain, though the stock remained down roughly 15% year-to-date as of mid-June, according to Yahoo Finance.
The rebound reflects broader confidence in Microsoft’s ability to monetize its AI investments. When comparable tech giants have reported strong earnings and raised guidance, the market has historically rewarded them with sustained rallies. The fiscal Q3 results demonstrated that despite heavy spending on AI infrastructure, Microsoft’s revenue growth and profitability remained robust, easing earlier concerns about margin pressure.
Sources
- Microsoft Investor Relations — official fiscal Q3 2026 earnings announcement with revenue, net income, and segment performance
- CNBC — Q3 earnings report details including net income of $31.78 billion and EPS of $4.27
- Yahoo Finance — Microsoft stock price history and year-to-date performance tracking
- Wall Street Journal — January 30, 2026 stock decline and $357 billion market value loss
- Benzinga — analyst consensus price target of $569.87 and highest target of $680
- GeekWire — Microsoft Q3 earnings details on Azure growth and $37 billion AI run rate
- Kraken — current MSFT stock price tracking on June 15, 2026
